Browsing HBS Scholarly Articles by Author "Nanda, Ramana"

Now showing items 1-7 of 7

    • Cost of Experimentation and the Evolution of Venture Capital 

      Ewens, Michael; Nanda, Ramana; Rhodes-Kropf, Matthew (Elsevier BV, 2018-06)
      We study how technological shocks to the cost of starting new businesses have led the venture capital model to adapt in fundamental ways over the prior decade. We both document and provide a framework to understand the ...

    • Did Bank Distress Stifle Innovation during the Great Depression? 

      Nanda, Ramana; Nicholas, Thomas (Elsevier BV, 2014-11)
      We find a negative relationship between bank distress and the level, quality, and trajectory of firm-level innovation during the Great Depression, particularly for R&D firms operating in capital intensive industries. ...

    • Entrepreneurship as Experimentation 

      Kerr, William Robert; Nanda, Ramana; Rhodes-Kropf, Matthew (American Economic Association, 2014)
      Entrepreneurship research is on the rise, but many questions about its fundamental nature still exist. We argue that entrepreneurship is about experimentation: the probabilities of success are low, extremely skewed, and ...

    • Financing Innovation 

      Kerr, William Robert; Nanda, Ramana (2014-12-08)
      We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This research strand has been very active over the past five years, generating important new findings, questioning ...

    • Financing Risk and Innovation 

      Nanda, Ramana; Rhodes-Kropf, Matthew (Institute for Operations Research and the Management Sciences (INFORMS), 2017)
      We provide a model of investment into new ventures that demonstrates why some places, times, and industries should be associated with a greater degree of experimentation by investors. Investors respond to financing risk―a ...

    • Venture Capital Booms and Start-Up Financing 

      Janeway, William H.; Nanda, Ramana; Rhodes-Kropf, Matthew (Annual Reviews, 2021-11-01)
      We review the growing literature on the relationship between venture capital (VC) booms and start-up financing, focusing on three broad areas. First, we discuss the drivers of large inflows into the VC asset class, ...

    • Venture Capital’s Role in Financing Innovation: What We Know and How Much We Still Need to Learn 

      Lerner, Joshua; Nanda, Ramana (American Economic Association, 2020-08-01)
      Venture capital is associated with some of the most high-growth and influential firms in the world. Academics and practitioners have effectively articulated the strengths of the venture model. At the same time, venture ...